ARTICLE · 22 JUNE 2015

Central Bank Update - June 2015

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The Central Bank published the latest edition of its Solvency II Matters newsletter on 27 May 2015.

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April McClements

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The Central Bank publishes latest edition of Solvency II Matters newsletter

The Central Bank published the latest edition of its Solvency II Matters newsletter on 27 May 2015.

The newsletter notes that the Central Bank's Online Reporting System opened to receive formal submissions of Solvency II preparatory phase reporting on 14 May 2015.

The newsletter also notes that during 2015 and 2016 insurance undertakings are required to report to the Central Bank on both a Solvency I and a Solvency II basis. Despite concerns regarding the issue of duplication of reporting in Q3 and Q4 of 2015, the Central Bank has decided that there will be no exemptions from Solvency I quarterly reporting requirements granted to undertakings.

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